Exxaro Resources Limited · JSE:EXX
Exxaro Resources — Investor Day (October 2019)
86 slides from Exxaro Resources's investor day presentation, Oct 14, 2019
Slide 1: Capital Markets Day
Capital Markets Day Exxaro Coal │ 14 -15 October 2019 1
Slide 2: Disclaimer
Disclaimer The operational and financial information on which any outlook or forecast statements are based has not been reviewed nor reported on by the group’s external auditors. These forward-looking statements are based on management’s current beliefs and expectations and are subject to uncertaint
Slide 3: Exxaro Coal Strategy in Brief
Exxaro Coal Strategy in Brief Nombasa Tsengwa│Executive Head, Coal Operations Grootegeluk Complex Ronaldt Mafoko│General Manager, Grootegeluk Complex Mpumalanga Area Bram van Stelten│General Manager, Mpumalanga Area Digital@Exxaro Journey Pleasure Mnisi│Manager, Business Optimization
Slide 4: Markets and Logistics, Capital, Summary and Conclusion
Markets and Logistics Sakkie Swanepoel │ Group Manager, Marketing & Logistics Capital Mellis Walker │ Group Manager, Financial Performance Summary and Conclusion Nombasa Tsengwa│Executive Head, Coal Operations
Slide 5: Exxaro Coal Strategy
Exxaro Coal Strategy Nombasa Tsengwa │ Executive Head, Coal Operations 5
Slide 6: Coal | Our Strategy Journey
Coal │ Our Strategy Journey Prior to 2016 2016 2017 2018 2019 Identified and created Executed on strategic Consolidate and Execute plan to execute on key initiatives for long- ‘2026 Strategy’ strategic initiatives term value realization • Value realisation from our • Identified opportunity to Digita
Slide 7: Coal | Our Strategy
Coal │ Our Strategy ….is to be cost competitive and capital efficient, across our entire business value chain, maintaining a robust asset and volume base, diverse product mix using innovation and intelligence to quickly respond to market changes! Safety at reduced cost Robust Assets and Volumes • Mp
Slide 8: Coal | Our Strategy Continues To Yield Results
Coal │ Our Strategy Continues To Yield Results Total coal product (Mt) LTIFR 0.12 LTIFR is 9% above the target of 0.11 + 13% 24 months fatality free 47.8 46.8 Target: 0.15 45.5 0.14 44.2 Target: 0.11 43.4 41.4 0.19 0.17 0.09 0.12 0.12 FY14 FY15 FY16 FY17 FY18 1H19 FY14 FY15 FY16 FY17 FY18 FY19* To
Slide 9: Grootegeluk Complex
Grootegeluk Complex Ronaldt Mafoko│General Manager, Grootegeluk Complex 9
Slide 10: Waterberg Coalfield | The Importance Of The Coalfield
Waterberg Coalfield │ The Importance Of The Coalfield • Social – develop the 1st major post-apartheid new urban centre • National Development Plan (NDP) references the Waterberg • Economic impact stretches beyond the immediate area: o Largest remaining coal resource in Southern Africa o Power genera
Slide 11: Waterberg Coalfield | Unlocking The Waterberg
Waterberg Coalfield │ Unlocking The Waterberg Spatial Development • Integrated spatial development is essential Outbound Logistics Timing • Clear & specific laws • Local skills development • Social development: forward looking • Rail remains key enabler & upside sharing • Solution needs to be afford
Slide 12: 50% of SA Coal Reserves & 80% of Exxaro Coal Reserves
Waterberg Coalfield │ Remaining South African Reserve 50% of SA Coal Reserves & 80% of Exxaro Coal Reserves Dimensions: • Stretches 40kms from N to S and 88kms E to W • Extends Westwards into Botswana Geology: • 75.7 billion tons of in-situ inferred resources • More than 50% of the remaining coal re
Slide 13: Waterberg Coalfield | Geology
Waterberg Coalfield │ Geology Botswana Zoetfontein Fault Grootegeluk 87m Daarby Fault Mine Deep Coal (250m below surface) Eenzaamheid Fault Shallow Coal Open Pit Waterberg Coalfield is fault bounded: • Zoetfontein Fault along the Northern boundary 46m • Eenzaamheid Fault along the Southern boundary
Slide 14: Grootegeluk | Overview
Grootegeluk │ Overview PIT Plant Product Waste GG1, GG6 • 10.3% Ash Top Benches 2 staged beneficiation. First remove • 6000 kCal (10.3 – 15 % Ash B2-4 PSC SSCC discard then split product into PSC & SSCC – RB1 Spec and better) B1a GG2, GG8 B1b B7a Middle Benches Single staged to remove discard • 35%
Slide 15: Grootegeluk | Mining at a Glance
Grootegeluk │ Mining at a Glance OPEN CAST MINE • 13 benches Plant Discard • 120m Deep ROM to GG7/8 to Upper & • Surface area 1200 ha Plants Lower ROM to In-pit Backfill Crushers Total Ex-Pit tonnes 106 Mt p.a Backfill Preparation Over / Interburden Upper and 49 Mt p.a Lower Systems @ Run of Mine 7,
Slide 16: Grootegeluk | Mining at a Glance
Grootegeluk │ Mining at a Glance LOM Layout
Slide 17: Grootegeluk | Plant Complex at a Glance
Grootegeluk │ Plant Complex at a Glance Total ROM Feed from Mining at 16 000 tons per hour GG7 @ 2000tph GG8 @ 6000tph Capacity Equipment Dispatch Power Station Coal Conveyor 5 Stacking 1Mt 4 Reclaiming Matimba @ 14.6Mtpa Medupi @ 11Mtpa Plant Discard Metallurgical Coal to Upper & Lower Backfill GG2
Slide 18: Grootegeluk | Plant Complex at a Glance
Grootegeluk │ Plant Complex at a Glance Nr of Export trains required 14
Slide 19: Grootegeluk | Growth & Improvement
Grootegeluk │ Growth & Improvement 2012 – 2018 6.7% Y-o-Y Improvement RESULT OF FOCUSED APPROACH TOWARDS GROWTH & IMPROVEMENT
Slide 20: Grootegeluk | Capital Projects
Grootegeluk │ Capital Projects Key interdependency: Pit liberation Flexibility & Enabling Projects 2014 2015 2020 Overburden Replacement and Expansion of Primary Mining Capacity GG6 Ph2 Use top benches Improvement in maintenance Open up B5 to produce SSCC facilities to accommodate the (Bottlenec
Slide 21: Grootegeluk | Capital Projects
Grootegeluk │ Capital Projects RLOS Commission – Nov 2019 GG6 expansion Commission – Sep 2020 The new RLOS is currently under construction and has been detail designed for inclusion of future expansions including a future link for Thabametsi Staging of 200 Wagon trains • The new approach line and si
Slide 22: Grootegeluk | Where to Next?
Grootegeluk │ Where to Next? 36.3Mt Improvement drive to increase plant capacity (supported by the value chain), to enable GG to deliver the additional 4Mt PSC demand to Eskom without stopping the high value strategy GG Vision We will be a modernized carbon producer, energizing future generations by
Slide 23: Mpumalanga
Mpumalanga Bram van Stelten │ General Manager, Mpumalanga Area 23
Slide 24: MPU | Portfolio Overview
MPU │ Portfolio Overview 1 Leeuwpan Limpopo 2 Matla 3 ECC Complex Mafube (50% ownership) 4 5 4 6 1 2 3 5 Belfast Coal Gauteng 6 Ferro Alloys Mpumalanga
Slide 25: MPU | Well Positioned For Flexibility
MPU │ Well Positioned For Flexibility 4 RBCT Coal line to 5 Richards Bay harbour Coal line connecting Belfast, LPN and Mafube to RBCT 1 Coal line 2 3 3 Well positioned near Eskom Power Stations 1 Leeuwpan 3 ECC Complex 5 Belfast Coal 2 Matla 4 Mafube (50% ownership) 6 Ferro Alloys
Slide 26: MPU | Volume Outlook
MPU │ Volume Outlook Product Tons [Million] Current Portfolio History & Forecast 21.10 18.07 4.71 17.34 16.38 15.77 4.46 3.90 2.84 4.06 3.80 1.32 6.92 7.90 5.88 7.40 6.61 1.74 1.80 1.76 1.14 1.56 4.22 4.68 4.83 3.77 3.35 2016 2017 2018 2019* 2020* Leeuwpan Mafube 50% Matla Belfast ECC Total *Base on
Slide 27: MPU | Volume Mix Outlook
MPU │ Volume Mix Outlook Product Tons Mix [Million] 9.58 8.31 8.29 7.40 6.61 1.30 0.29 0.65 1.19 1.57 1.55 1.41 1.00 1.38 1.34 2.18 1.56 5.35 1.79 1.25 2.21 4.40 3.18 3.59 3.43 3.39 1.12 1.04 0.78 1.54 2016 2017 2018 2019* 2020* RB1 RB3 Export Thermal Domestic Thermal Domestic Sized Eskom *Excludes
Slide 28: MPU | Mine Overview
MPU │ Mine Overview 1 Leeuwpan Limpopo 2 Matla 3 ECC Complex Mafube (50% ownership) 4 5 4 6 1 2 3 5 Belfast Coal Gauteng 6 Ferro Alloys Mpumalanga
Slide 29: MPU | Leeuwpan Overview
MPU │ Leeuwpan Overview 1 Leeuwpan Single Operation, LOM 11 Years 3 Processing Multi Product, Open Cast Rail and Road Plants, 2 x Domestic and Mining Transport DMS, 1 x C&S Export 2.9 m3 / Ton 6.9 Million Strip ratio Ton ROM 68% Yield per annum
Slide 30: MPU | Leeuwpan Challenges/Opportunities
MPU │ Leeuwpan Challenges/Opportunities 1 Leeuwpan Opportunities • Optimization of plants • Eskom long term off-take • Surrounding reserves Challenges • Overburden contractor performance. Increase in OVB required over LOM • Yields (weathering and geological conditions)
Slide 31: MPU | Matla Overview
MPU │ Matla Overview 2 Matla Underground Mining 10.1 Million Ton ROM per annum 1 Destoning / (CSA) Sizing Plant Single Product, Eskom 3 Operations, Mine 1, Mine 2 100% Yield and Mine 3, LOM 20 Years Conveyor
Slide 32: MPU | Matla Challenges/Opportunities
MPU │ Matla Challenges/Opportunities 2 Matla Opportunities • Shortwall Additional Reserves • New CSA Agreement Challenges • Project Execution • Pillar Extraction (Purchase of surface rights)
Slide 33: MPU | ECC Overview
MPU │ ECC Overview 3 ECC Complex Dorstfontein Forzando Open Cast (DCME) Underground & Underground Mining (FZOS & (DCMW & DCME) FZON) Mining 1 Shared DMS 2 x DMS Plants Plant Multi Product Multi Product Domestic and Domestic and Export Export Rail and Road Rail and Road Transport Transport 4 Operatio
Slide 34: MPU | ECC Challenges/Opportunities
MPU │ ECC Challenges/Opportunities 3 ECC Complex Opportunities • Eskom long term off-take • Surrounding reserves (Dorstfontein and Forzando) • Dorstfontein West 4 Seam Challenges • Forzando Yields (weathering and geological conditions)
Slide 35: MPU | Mafube Overview
MPU │ Mafube Overview 4 Mafube Single Operation, LOM 11 Years Open Cast Multi Product 1 x DMS Plants Rail Transport Mining Export 3.0 m3 / Ton 2.6 Million Ton Strip ratio ROM (50%) per 67% Yield annum
Slide 36: MPU | Mafube Challenges/Opportunities
MPU │ Mafube Challenges/Opportunities 4 Mafube Opportunities • Eskom Middlings off take • Early Ramp Up • C&S Volume • Mafube Expansion Challenges • Equipment strategy execution - Delivery • Front End Crusher
Slide 37: MPU | Belfast Overview
MPU │ Belfast Overview 5 Belfast Open Cast Mining 3.9 m3 / Ton Strip ratio 1 x DMS Plants 3.2 Million Ton ROM per annum Multi Product Export and Domestic Single Operation, LOM 12 Years 90% Yield Rail and Road Transport
Slide 38: MPU | Belfast Opportunities
MPU │ Belfast Opportunities 5 Belfast • Early Ramp Up • C&S Volumes • Belfast Expansion
Slide 39: MPU | Ferro Alloys Overview
MPU │ Ferro Alloys Overview 6 Ferro Alloys Single Operation 1 x FerroAlloys Plant Multi Product Domestic Road Transport
Slide 40: MPU | Summary
MPU │ Summary • Well positioned assets to serve the domestic and export market Limpopo • Product flexibility from a market to resource perspective • Volume and value growth 4 5 opportunities in near term through 6 1 2 3 Mafube and Belfast expansion Gauteng • Continued focus across all Mpumalanga ope
Slide 41: Digital@Exxaro Journey
Digital@Exxaro Journey Pleasure Mnisi │ Manager, Business Optimization 41
Slide 42: Business Optimisation | Our program is geared towards reducing cost
Business Optimisation │ Our program is geared towards reducing cost 3% 5% P75 Lean5 Operational Excellence Cost Reduction Safety Always Improvement 1. VCV through IoC Productivity 1. Constraint focused 1. Bias for action 1. Performance Benchmarking 2. Cost Reduction 2. Performance management 2. M2R
Slide 43: Digital@Exxaro | Our Goal
Digital@Exxaro │ Our Goal Our goal is to achieve 25% productivity improvement using digitalisation and innovation.
Slide 44: Digital@Exxaro | Strategic Themes
Digital@Exxaro │ Strategic Themes VISUALISATION OF THE EMBED Achieved VALUE CHAIN AND INTEGRATED IMPROVE OPERATIONS CENTRE PREDICTIVE MAINTENANCE DATA SCIENCE AND RELIABILITY Focus MRM INTEGRATION AUTOMATION
Slide 45: Digital@Exxaro | Journey and Learnings
Digital@Exxaro │ Journey and Learnings Proof of Concepts (POC’s) Quick Wins Digital@Exxaro Launch Data Science 2015 2016 2017 2018 2019 “25% “ Disrupt + Improve OE Process driven Top 5 “ 3%” Digital Revolution Infrastructure Analysis Steercoms Innovation Magnet: Co-developing solutions with supplier
Slide 46: Digital@Exxaro | Successes
Digital@Exxaro │ Successes “Show & Tell” D@E Framework “Point-solutions” Duplicating Successful MVP`s M&L Start Up “Culture” Whats Next? ✓ Ops Eye ✓ Lionwatch ✓ Highpoint ✓ Nerve - Centre ✓ Matla IOC ✓ AVA ✓ Customer & logistics portal 5% Production ↑ ✓ Road Conditions System ✓ RBCT Integration from
Slide 47: Digital@Exxaro | GG IOC (ops eye) pilot 2018
Digital@Exxaro │ GG IOC (ops eye) pilot 2018 Average Ex-pit Tonnes per shift Ops-Eye Period Before Ops-Eye 93 932 89 740 GG2 on Shut (±10% of overall plant capacity) Improvement Weeks
Slide 48: Digital@Exxaro | Productivity at higher levels (P75)
Digital@Exxaro │Productivity at higher levels (P75) • We have integrated and embedded benefits into our business plans. • Despite geological inflation Exxaro will achieve its improved P75 targets by 2023 Belfast performance exceeds initial business case BP 2020 > P62.5
Slide 49: Digital@Exxaro | Targets linked to Leadership
Digital@Exxaro │ Targets linked to Leadership Performance Management Goal - 2019 Base Distribution - 2018 P50 P62.5 P75 Goal - 2020
Slide 50: Digital@Exxaro | Visualisation Of The Value Chain
Digital@Exxaro │ Visualisation Of The Value Chain
Slide 51: Digital@Exxaro | Underground Visualisation
Digital@Exxaro │ Underground Visualisation
Slide 52: Digital@Exxaro | Co-creating Digital Assets With Our OEMs
Digital@Exxaro │ Co-creating Digital Assets With Our OEMs
Slide 53: Digital@Exxaro | Integrated Operations Centers (OPS EYE)
Digital@Exxaro │ Integrated Operations Centers (OPS EYE) IOC’s are implemented across all the business units • To drive real time decision making. • Drive Market to resource optimisation across the value chain. • Removing silos
Slide 54: Digital@Exxaro | Predictive Maintenance And Reliability
Digital@Exxaro │ Predictive Maintenance And Reliability (Digital Twin) Data Science Analytics: can be run and visualised via smart devices, virtual reality and augmented reality (AR) to provide operational intelligence.
Slide 55: Digital@Exxaro | Automation
Digital@Exxaro │ Automation 1 We are targeting high value easy and affordable to integrate parts of our value chain to convert to autonomous operations. i.e Dozers, Plants, Drills,etc. 2 Managing and Integrating autonomous operations and processes in a mine is complex as these operate sub-optimally
Slide 56: Digital@Exxaro | IP, Skills And Competitive Advantage
Digital@Exxaro │ IP, Skills And Competitive Advantage 56 Governance Model • We understand the real operational problems that miners are facing, therefore are able to detail the user requirements for solution development Executive Sponsor • We have a vast amount of technical IP in mining and therefor
Slide 57: Digital@Exxaro | Culture Drive to Entrench Adoption
Digital@Exxaro │ Culture Drive to Entrench Adoption
Slide 58: Capital
Capital Mellis Walker │ Group Manager, Financial Performance 58
Slide 59: Coal | Capital Excellence - Delivering On The Promise
Coal│ Capital Excellence –Delivering On The Promise • Redefine expansion and SIB capex • Business unit Life-of-mine (LOM) view for Sustaining Capex (SIB) • Microsoft Projects online system (POL) implemented. • All projects are registered and managed on POL. SIB Process • All projects reviewed to: •
Slide 60: Coal | Capital Excellence - LOM planning for sustaining capex
Coal│ Capital Excellence – Delivering On The Promise LOM planning for sustaining capex FY19 March FD Pre-close August Variance % Improved R'm Guidance Guidance Guidance Aug vs FD Forecasting Sustaining 2 689 2 543 2 396 -6 Waterberg 1 683 1 692 1 688 0 Mpumalanga 962 807 667 -17 accuracy Other Expan
Slide 61: Coal | Expansion Projects
Coal │ Expansion Projects GG6 Expansion 1 2 Thabametsi Phase 1 • Capex: R4.8bn • Capex: R3.2bn • Product: 1.7 – 2.7Mtpa of • Product: 3.9Mtpa of semi soft coking coal thermal coal 2 1 • In construction • Awaiting notice to proceed • 1st production: 2H19 Limpopo • Full production FY21 4 Matla Mine 1
Slide 62: Coal | Value Creation From Expansion Projects
Coal│ Value Creation From Expansion Projects Total sales tonnes (‘000 tonnes) Delivering value 60 000 • Engaging with contractors experiencing performance 50 000 issues 40 000 • Continued focus on methodologies, processes and controls 30 000 • Projects adding up to 13Mt/pa to increase sales volumes
Slide 63: Coal | Capital Excellence: Conclusions/Priorities
Coal│ Capital Excellence: Conclusions/Priorities 70% of sustaining capex spent in the Waterberg Belfast construction 6 months ahead of schedule – early coal March 2019 GG6 Expansion (timing and impact) Early value strategy impact on Capex Further capex optimisation given affordability and portfolio
Slide 64: Markets and Logistics
Markets and Logistics Sakkie Swanepoel │ Group Manager, Marketing & Logistics 64
Slide 65: Markets | Strategic Overview
Markets │ Strategic Overview 65 1 Coal markets are changing given climate change objectives, but remain exciting 2 A solid market strategy built on a reliable supply base 3 Exxaro will be positioned to compete throughout cycles and into the future
Slide 66: Coal markets going forward are challenging, but exciting
Coal markets going forward are challenging, but exciting
Slide 67: Markets | Exxaro plays in both thermal and metallurgical coal markets
Markets│Exxaro plays in both thermal and metallurgical coal markets Thermal coal Met coal Power Industrial Steel & Ferroalloy 1 generation 2 Cement production 3 boilers 4 Industry Coal is widely used in the Coal is also used for industrial Semi-soft or hard coking coal Coal is a fuel source used cem
Slide 68: Markets | Demand and the global trends aimed at reducing carbon emissions
Markets│ Demand and the global trends aimed at reducing carbon emissions WoodMac Energy transition WoodMac Carbon Constrained IEA Sustainable Outlook Scenario Development Scenario (WM ETO) – Base Case ~3°C ~2,5°C ~2ºC Reflects the impact of successful Scenario reflects an evolution of current Scenar
Slide 69: Markets | Global energy demand and renewables; coal demand stable to 2040
Markets│ While global energy demand and a share of renewables increase, coal demand remains stable until 2040 Energy demand is forecasted to increase until 2040 with fossil fuels still to dominate the energy mix but new capacity will be lead by solar & wind power. • WoodMackenzie (2019) – Energy Tra
Slide 70: Markets | International coal demand robust for the medium term
Markets│Exxaro believes that international coal demand will be robust for the medium term … Global coal demand is largely driven by the power sector. Other major consumers of coal include the steel, cement & food industry Key insights • Global coal demand peaked in 2013 at approx. 7,13Bt . • Stagnan
Slide 71: Markets | Seaborne thermal coal demand by region
Markets│ Seaborne thermal coal demand by region Global thermal seaborne coal demand peaks in 2017 and remains stable at levels above 900Mt until 2040 India and SE Asia drive future demand as China gradually cedes its dominant position. China demand reduces to 10% by 2040, whilst India increases to 2
Slide 72: Markets | Six Themes Emerging From Wood Mackenzie's Outlook
Markets│Six Themes Emerging From Wood Mackenzie’s 72 Alternative Energy Outlook Under the carbon-constrained scenario, the Global Energy Transition gains Electric cars and trucks would Technology joins policy as a key displace 11 mb/d of oil by 2040 in force behind global a carbon constrained world,
Slide 73: Markets | Alternative energy outlooks given climate change targets
Markets│ Alternative energy outlooks given the climate change targets WoodMac Energy WoodMac Carbon IEA Sustainable Transition Outlook Constrained Scenario Development Scenario (WM ETO) – Base Case (SDS) 3° 2.5° 2° IEA – International Energy Agency Sustainable Development Scenario WoodMackenzie (201
Slide 74: A solid market strategy built on a reliable supply base
A solid market strategy built on a reliable supply base
Slide 75: Markets | Geographic Competitiveness
Markets│ Geographic Competitiveness EUROPE * ASIA North America * Swing supplier Atlantic Pacific Basin Pacific AFRICA Basin * As UK and European Indian * demand dwindles, the Basin Atlantic is oversupplied SOUTH from Russia, Colombia AMERICA and the USA. This is forcing these suppliers to look at E
Slide 76: Markets | RBCT Export Destinations - 2018
Markets│ RBCT Export Destinations - 2018 India (48%), Pakistan (13%), South Korea (9%) were the biggest importers of South African coal in 2018. Cumulatively, 70% of RBCT volumes were shipped to these 3 destinations. Shipments to Africa amounted to 6% in 2018. 40,000,000 35,299,088 35,000,000 30,000
Slide 77: Markets | Strategy - Where to play
Markets│ Strategy – Where to play • Exxaro was historically a domestic market 2019* 74% 7% 19% player with little export entitlement. • Exxaro wants to maintain presence in both the domestic and international markets as this combination provides the most revenue 2016 68% 14% 18% consistency. • Exxar
Slide 78: Markets | Where to play (International Markets) - Key Considerations
Markets│ Where to play (International Markets) We understand where Growth in RB1/RB2 markets expected at 4% demand is now and growing pa up to 2026, and 3% for RB3 and lower Key Considerations into the future. qualities. We understand how We have identified the markets in which we competitive we are
Slide 79: Markets | Where to play - Export Destinations
Markets │Where to play (International Markets) 2% 11% 13% • Exxaro were early in our recognition of coal demand migrating from West to East. 27% 11% 20% • Smaller percentage of coal going to Europe. EXPORT DESTINATIONS • Africa coming off a small base but growing. • Africa, Middle East, Pakistan and
Slide 80: Markets | Uncertainties affecting us in the short - medium term
Markets│ As always, there are uncertainties affecting us in the short – medium term China aims to regulate domestic production of coal by controlling imports, impacting on the Pacific coal flows and will have a key role in setting thermal coal prices. Coal of India (CIL) has ambitious domestic growt
Slide 81: Exxaro is positioned to compete throughout cycles and into the future
Exxaro is positioned to compete throughout cycles and into the future
Slide 82: Market to Resource | We understand and extract full value from our resources
Market to Resource│ We understand and extract full value from our resources Product Attributes - Understand the VIU of our products in the market place Resource Attributes - Characterization into downstream processing BU Optimisation - Iterative cycles of planning, improvements and developments to e
Slide 83: Summary | Outlook
Summary│Outlook Diversified and Unique Product Portfolio • Coking coal (semi-soft) and PCI. • Full range of products (sized) for domestic markets. • Low Sulphur and low Phosphorus coal. • Export Thermal coal (4200kcal/kg – 6000kcal/kg) Adaptability • Our ability to match our resources and beneficiat
Slide 84: Summary & Conclusion
Summary & Conclusion Nombasa Tsengwa│Executive Head, Coal Operations 84
Slide 85: Coal | We believe that our coal business through its robust assets will continue to deliver value
Coal │ We believe that our coal business through its robust assets will continue to deliver value for our stakeholders Our future We accept the uncertainty brought by climate change • However we have no crystal ball about the future of coal • In the face of uncertainty, we continue to optimize our r
Slide 86: Questions
Questions 86